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Other titles in the Economist series:
Guide to Economic Indicators: Making Sense of Economics (Economist)by The Economist
Synopses & Reviews
The sixth edition of this well-established guide explains all you need to know in order to understand and interpret economic figures so that you can make up your own mind about, for example, the way different economies are performing or whether it is the right time to move into a new market. With more than ninety tables and charts, it looks at all the main economic indicators and answers.
Since the spread of globalisation, it has become even more essential in business today to have a thorough understanding of economic information: to be able to grasp fully the real implications of the economic indicators referred to in business reports and by the media. Written for the nonspecialist, this highly accessible guide explains how to understand and interpret all the main economic indicators.
Guide to Economic Indicators is above all a practical work that clearly explains the underlying economic realities of today's world. Fully updated and revised, this sixth edition is an invaluable reference for those in business, the financial markets, or government, and a necessary resource for students.
Book News Annotation:
As Mark Twain once said, "there are three types of lies: lies, damn lies, and statistics." This observation is perhaps at its most accurate when applied to economic indicators in the hands of politicians and other interested parties. This volume from The Economist aims to give an audience with no prior knowledge of economics and statistics an understanding of global economic indicators and how to interpret them. The indicators they discuss cover the economy and economic growth, population and employment, government fiscal policies, consumers, investment and savings, industry and commerce, external flows, exchange rates, money and interest rates, and prices and wages. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)
Now in its sixth edition, this fully updated and revised guide provides the keys to understanding all the major and many lessor economic indicators: what they are, what areas they cover, their reliability, and how to interpret them.
It is essential to have a thorough understanding of economic information and to be able to grasp fully the real implications of the economic indicators referred to in business reports and by the media. This guide is, above all, a practical work that clearly explains the underlying economic realities of today's world. Fully updated and revised, this sixth edition is an invaluable reference for those in business, the financial markets, or government, and a necessary resource for students. Written for the nonspecialist, this accessible guide explains how to understand and interpret all that main economic indicators that relate to: GDP and GNI (GNP); Growth, trends and cycles; Population, employment, unemployment; Government; Investment and savings; Industry and commerce; Balance of payments; Exchange rates; and Money and financial markets.
About the Author
The Economist is one of the world's most notable magazines.
Table of Contents
1 Interpreting economic indicators.
2 Essential mechanics.
3 Measuring economic activity.
Output, expenditure and income.
Putting it in context.
4 Growth: trends and cycles.
GDP per head.
Cyclical or leading indicators.
5 Population, employment and unemployment.
Labour or workforce.
Unemployment and vacancies.
6 Fiscal indicators.
Budget balance, deficit, surplus.
National debt; government or public debt.
Personal income, disposable income.
Consumer and personal expenditure, private consumption.
Personal and household savings; savings ratio.
8 Investment and savings.
Fixed investment and GDFCF.
National savings, savings ratio.
9 Industry and commerce.
Business conditions; indices and surveys.
Industrial and manufacturing production.
Capacity use and utilisation.
Construction orders and output.
Housing starts, completions and sales.
Wholesale sales or turnover, orders and stocks.
Retail sales or turnover, orders and stocks.
10 The balance of payments.
Imports of goods and services.
Exports of goods and services.
Trade balance, merchandise trade balance.
Capital- and financial-account flows.
International investment position (IIP).
External debt, net foreign assets.
11 Exchange rates.
Nominal exchange rates.
Special drawing rights (SDRs).
EMU, ecu, ERM and euro.
Effective exchange rates.
Real exchange rates; competitiveness.
Terms of trade.
12 Money and financial markets.
Money supply, money stock, M0 ... M5, liquidity.
Bank lending, advances, credit, consumer credit.
Central bank policy rates.
Interest rates; short-term and money-market rates.
Yield curves, gaps and ratios.
Real interest rates and yields.
Share prices and yields.
13 Prices and wages.
Commodity price indices.
Export and import prices; unit values.
Producer and wholesale prices.
Surveys of price expectations.
Wages, earnings and labour costs.
Unit labour costs.
Consumer or retail prices.
Consumer or private expenditure deflators.
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